IBM Funds $1 Billion for Small Businesses

IBM is announcing $1 billion in financing options for new tech purchases by small businesses. AllThingsD's Arik Hesseldahl explains how the process will work.

This transcript has been automatically generated and may not be 100% accurate.

kg ... IBM's to one ... billion dollars but with a ... big one ... small businesses into tech buying it has lot going ... on with that of all things that will ... thank you very much ... want the ... yuan billion ... the one million dollars or so so what ... yet the deal to the doctor evil on set to tells about this what what what are the engine does a lot of money ... and it's great was that was doing a lot ... of what one thing is that um there's a lot of smaller companies but IBM this device is small and medium companies ... thousand players alas ... and they use to ask them what their biggest problem is going forward and try to spur growth create jobs the truck ... access to capital that banks are not lending them very much money right now ... IBM has a global financing arm and they see opportunity ... the sale of cigarettes and the public that lets get some easy financing and this is not in significant ... cost and ... small medium businesses spend about a quarter trillion dollars here on ... the line ups a crazy two hundred men to the port reading is two hundred and fifty ... billion dollars from the army got namaste running on the was admitted into the red ... he has a lovely with Islam ... is a ... smart move on the servers because like we said the banks are just not when the money they're they're very cautious ... IBM has a large long history in track record ... of financing technology purchases with larger companies of a window into this ... and they know I was caught at risk ... I think that this may help attract more person to smooth things he told me yesterday they have their own meaning of the traditional ways of determining creditworthiness ... the bills of their own proprietary methods ... holdings until midnight the it's very fast is is right yet and yet and in an item from the start it seemed like the key to open ... but they can give you a decision in sixty seconds you can you apply for credit are working through these third party ... partners to generally the one to the actual touch on and customer sixty seconds ... the tussle between the cost of sixty seconds we are going to get a new law but it's probably not ... right and so what were seen Renault's businesses while one below ... on what new hardware as the old servers are older ... they want to go into the cloud ... that one smart people to come in and integrate all that stuff Heidelberg entered maker for my ... nostrils and oh my goodness more ... because it's going to give IBM or entree into the start-up world yet which is in that area that they've always wanted to get more deeply into a there's a lot of growth that is when a few areas in the economy ... to grow I agree that one of the things I'm one of ... his will ... IBM's competitors and the ... total cost of TARP ... will they respond in kind ... interesting ... five years later yes it's ... when that happens abroad Adams run don't